Finance Minister Jack Chambers emphasized the necessity of a tax aimed at discouraging land hoarding, illustrating the need for proactive measures amidst the housing crisis.
The Green Party contended that the tax's implementation should not be postponed, asserting farmers can opt for dezoning their land to avoid unnecessary taxation.
Concerns arose within government circles regarding farmers preserving their land's residential zoning. A senior Government source pointed out the inconsistencies in their stance on taxation versus land value.
Plans emerged for farmers to declare their land as actively worked, enabling dezoning for residential development and exclusion from the tax, emphasizing accountability in land use.
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